CAPITULO V Inspección del trabajo
TITULO TRECE
GASB Current Year Standards GASB No. 95
In May 2020, the Governmental Accounting Standards Board issued Statement No.
95, “Postponement of the Effective Dates of Certain Authoritative Guidance.” The Statement postponed the effective dates of certain Statements to provide temporary relief to governments and other stakeholders in light of the COVID-19 pandemic. The effective dates of the affected Statements listed above have been updated to reflect the impact of this Statement.
GASB Pending Accounting Standards
The Governmental Accounting Standards Board (GASB) has issued several pronouncements, that have effective dates that may impact future financial presentations. Management has not yet determined any impact the implementation of the following statements may have on the financial statements of the District.
GASB No. 84
In January 2017, the Governmental Accounting Standards Board issued Statement No. 84 “Fiduciary Activities”. The requirements of this Statement are effective for reporting periods beginning after December 15, 2019. Earlier application is encouraged.
GASB No. 87
In June 2017, the Governmental Accounting Standards Board issued Statement No.
87 “Leases”. The requirements of this Statement are effective for reporting periods beginning after December 15, 2019.
GASB No. 89
In June 2018, the Governmental Accounting Standards Board issued Statement No.
89 “Accounting for Interest Cost Incurred before the End of a Construction Period”.
The requirements of this Statement are effective for reporting periods beginning after December 15, 2020.
GASB No. 90
In August 2018, the Governmental Accounting Standards Board issued Statement No.
90 “Majority Equity Interests-an amendment of GASB Statements No. 14 and No. 61”.
The requirements of this Statement are effective for reporting periods beginning after December 15, 2019.
GASB No. 91
In May 2019, the Governmental Accounting Standards Board issued Statement No.
91, “Conduit Debt Obligations.” The requirements of this Statement are effective for reporting periods beginning after December 15, 2021.
Notes to Financial Statements Year Ended June 30, 2020
52
NOTE 19 NEW GOVERNMENTAL ACCOUNTING STANDARDS BOARD (GASB) STATEMENTS ISSUED
GASB No. 92
In January 2020, the Governmental Accounting Standards Board issued Statement No. 92, “Omnibus 2020.” The requirements of this Statement are effective for reporting periods beginning after June 15, 2021.
GASB No. 93
In March 2020, the Governmental Accounting Standards Board issued Statement No.
93, “Replacement of Interbank Offered Rates.” The requirements of this Statement are effective for reporting periods beginning after June 15, 2021.
GASB No. 94
In May 2020, the Governmental Accounting Standards Board issued Statement No.
94, “Public-Private and Public-Public Partnerships and Availability Payment Arrangements.” The requirements of this Statement are effective for reporting periods beginning after June 15, 2022.
GASB No. 96
In May 2020, the Governmental Accounting Standards Board issued Statement No.
96, “Subscription-Based Information Technology Arrangements.” The requirements of this Statement are effective for reporting periods beginning after June 15, 2022.
GASB No. 97
In June 2020, the Governmental Accounting Standards Board issued Statement No.
97, “Certain Component Unit Criteria, and Accounting and Financial Reporting for Internal Revenue Code Section 457 Deferred Compensation Plan – an amendment of GASB Statements No. 14, 84, and a suppression of GASB Statement No. 32.” The requirements of this Statement are effective for reporting periods beginning after June 15, 2021.
Required Supplementary Information (Unaudited)
Schedule of Changes in the Net OPEB Liability and Related Ratios Last 10 Fiscal Years*
53
Measurement Date 6/30/2019 6/30/2018 $ 6/30/2017
Total OPEB Liability
Service Cost $ 27,950 $ 27,202 26,474
Interest on the Total OPEB Liability 48,228 44,583 41,087 Actual and expected experience difference (6,933) -
-Changes in assumptions - -
-Changes in benefit terms - -
-Benefit payments (27,066) (18,713) (17,993)
Net change in Total OPEB Liability 42,179 53,072 49,568
Total OPEB Liability - beginning 685,728 632,656 583,088
Total OPEB Liability - ending (a) 727,907 685,728 632,656
Plan Fiduciary Net Position
Contribution - employer 172,066 163,713 162,993
Net investment income 39,377 36,765 26,975
Benefit payments (27,066) (18,713) (17,993)
Administrative expense (132) (815) (230)
Other - 46
-Net change in Plan Fiduciary -Net Position 184,245 180,996 171,745 Plan Fiduciary Net Position - beginning 609,765 428,769 257,024 Plan Fiduciary Net Position - ending (b) 794,010 609,765 428,769 Net OPEB (Asset) Liability - ending (a) - (b) $ (66,103)$ 75,963 $ 203,887 Plan fiduciary net position as a percentage of the total OPEB liability 109.08% 88.92% 67.77%
Covered-employee payroll $ 5,621,127 $ 5,559,274 $ 5,283,147
Net OPEB (asset) liability as a percentage of covered-employee payroll -1.18% 1.37% 3.86%
Notes to Schedule:
Changes in assumptions: none
Fiscal Year 2018 was the first year of implementation.
* Historical information is required only for measurement periods for which GASB 75 is applicable.
Future years’ information will be displayed up to 10 years as information becomes available.
Schedule of OPEB Plan Contributions Last 10 Fiscal Years*
54
Fiscal Year Ended June 30 2020 2019 2018
Statutorily Determined Contributions (SDC) $ 112,782 $ 112,980 $ 109,620 Contributions in relation to the SDC (171,911) (172,066) (164,969) Contribution deficiency/(excess) $ (55,349)$ (59,086)$ (55,349)
Covered-employee payroll $ 5,747,082 $ 5,621,127 $ 5,559,274
Contribution as a percentage of covered payroll 2.99% 3.06% 2.97%
Notes to schedule:
Valuation Date: Actuarially determined contribution rates are calculated as of June 30, one year prior to the end of the fiscal year in which contributions are reported.
Methods and assumptions used to determine contributions:
Actuarial Cost Method Amortization Methodology
Asset Valuation Method Market Value
Inflation 2.75%
Payroll Growth 2.75% per
Investment Rate of Return 7.00% per
Healthcare Trend Rates 4.00%
Retirement Age Mortality
The probabilities of retirement are based on the 2009 CalPERS Experience Study 2014 CalPERS Active Mortality for Miscellaneous Employees
*Historical information is required only for measurement periods for which GASB 75 is applicable.
Future years' information will be displayed up to 10 years as information becomes available.
Fiscal Year 2018 was the first year of implementation.
Entry Age Normal
Straight-line amortization. For assumption changes and experience gains/losses:
Expected Average Remaining Service Lifetime of all members that are provided with benefits. For asset gains and losses: 5 years.
Schedule of Proportionate Share of the Net Pension Liability and Related Ratios Last 10 Fiscal Years*
55
(a) Proportion of the collective net pension liability represents the plan's proportion of PERF C, which includes both the Miscellaneous and Safety Risk pools excluding the 1959 Survivors Risk Pool.
Notes to Schedule
1. GASB Statement Nos. 68 and 82 define covered-employee payroll as the total payroll of employees that are provided pensions through the pension plan or the payroll on which contributions are made.
2. The Plan’s proportionate share of aggregate employer contributions may not match the actual contributions made by the employer during the measurement period. The Plan’s proportionate share of aggregate employer contributions is based on the Plan’s proportion of fiduciary net position shown in line 5 of the table above as well as any additional side fund (of unfunded liability) contributions made by the employer during the measurement period.
* Historical information is required only for measurement periods for which GASB 68 is applicable.
GASB 68 was implemented in fiscal year ended June 30, 2015 with a measurement date of June 30, 2014, therefore only 6 years are shown.
Measurement
6/30/2015 0.10645% 7,306,703 5,106,149 143.10% 79.29%
6/30/2016 0.10723% 9,278,264 5,630,234 164.79% 75.17%
6/30/2017 0.10886% 10,795,523 5,283,147 204.34% 73.88%
6/30/2018 0.09925% 9,564,349 5,559,274 172.04% 77.74%
6/30/2019 0.10273% 10,526,612 5,621,127 187.27% 77.74%
Schedule of Pension Plan Contributions
Last 10 Fiscal Years*
56 Notes to Schedule
Change in Benefit Terms: None
Changes in Assumptions: In 2018, demographic assumptions and inflation rate were changed in accordance to the CalPERS Experience Study and Review of Actuarial Assumptions December 2017.
There were no changes in the discount rate. In 2017, the accounting discount rate was reduced from 7.65 percent to 7.15 percent. In 2016, there were no changes. In 2015, amounts reported reflect an adjustment of the discount rate from 7.5 percent (net of administrative expense) to 7.65 percent (without a reduction for pension plan administrative expense). In 2014, amounts reported were based on the 7.5 percent discount rate.
* - Historical information is required only for measurement periods for which GASB 68 is applicable.
GASB 68 was implemented in fiscal year ended June 30, 2015 with a measurement date of June 30, 2014, therefore only 6 years are shown.
Fiscal Year
Actuarially Determined Contributions
Contributions in Relation to the Actuarially
Determined Contributions
Contribution Deficiency
(Excess)
Employer's Covered
Payroll
Contributions as a Percentage of
Covered Payroll 2014-15 908,781 (2,785,886) (1,877,105) 5,106,149 54.56%
2015-16 524,361 (524,361) - 5,630,234 9.31%
2016-17 542,174 (542,174) - 5,283,147 10.26%
2017-18 1,984,562 (1,984,562) - 5,559,274 35.70%
2018-19 1,035,479 (1,035,479) - 5,621,127 18.42%
2019-20 1,211,196 (1,211,196) - 5,747,082 21.07%
Statistical Section (Unaudited)
Statistical Section (Unaudited) Table of Contents Year ended June 30, 2020
57
Page
Financial Trends 58
These schedules contain trend information to help the reader understand how the District's financial performance and well-being have changed over time.
Revenue Capacity 61
These schedules contain information to help the reader assess one of the District's most significant local revenue source, water fees.
Debt Capacity 67
These schedules present information to help the reader assess the affordability of the District's current levels of outstanding debt and its ability to issue additional debt in the future.
Demographic and Economic Information 71
These schedules offer demographic and economic indicators to help the reader understand the environment within which the District's financial activities take place.
Operating Information 75
These schedules contain service and infrastructure data to help the reader understand how the information in the District's financial report relates to the services the government provides and the activities it performs.
Sources: Unless otherwise noted, the information in these schedules is derived from the comprehensive annual financial reports for the relevant year.
Net Position by Component Last 10 Fiscal Years
58
* Fiscal year 2012-13 reflects the first year of the implementation of GASB Statement Nos. 63 and 65 which resulted in a prior period adjustment of $424,269. Fiscal years 2005 through 2012 have not been restated.
** Fiscal year 2014-15 reflects the first year of the implementation of GASB Statement Nos. 68 and 71 which resulted in a prior period restatement of $8,035,525. No prior years were restated.
Source: United Water Conservation District
(In Thousands) 2011 2012 2013 * 2014 2015** 2016 2017 2018 2019 2020
Net investment in capital assets $ 57,871 $ 58,680 $ 59,259 $ 59,042 $ 58,725 $ 61,690 $ 64,430 $ 66,295 $ 75,044 $ 81,205 Restricted 1,504 1,777 1,817 2,223 3,577 1,282 1,490 1,988 2,008 2,574 Unrestricted 8,163 11,159 13,621 20,202 15,230 19,371 21,515 24,719 19,364 19,259 Total net position $ 67,538 $ 71,616 $ 74,697 $ 81,467 $ 77,532 $ 82,343 $ 87,435 $ 93,002 $ 96,416 $ 103,038
Fiscal Year
Changes in Net Position Last 10 Fiscal Years
59
* Fiscal year 2012-13 reflects the first year of the implementation of GASB Statement Nos. 63 and 65 which resulted in a prior period adjustment of $424,269. Fiscal years 2005 through 2012 have not been restated.
** Fiscal year 2014-15 reflects the first year of the implementation of GASB Statement Nos. 68 and 71 which resulted in a prior period restatement of 8,035,525. No prior years were restated.
Source: United Water Conservation District
(In Thousands) 2011 2012 2013 * 2014 2015** 2016 2017 2018 2019 2020
REVENUES:
Charges for services:
Water conservation $ 7,005 $ 8,826 $ 11,402 $ 12,210 $ 10,647 $ 10,093 $ 10,481 $ 11,705 $ 11,299 $ 14,646 Lake Piru recreation facilities 114 123 142 103 43 2 2 3 3 4 State Water Project importation 1,503 1,096 656 1,448 1,698 96 2,514 2,728 2,821 1,911 Operating grants and contributions - 100 11 125 5 - 95 61 - -Freeman Diversion facility 2,602 2,757 2,964 3,107 2,615 3,354 3,189 3,592 3,266 4,616 Water delivery and treatment facilities 4,655 4,840 4,569 5,008 4,530 6,367 6,848 7,478 6,795 7,463 Total revenues $ 16,160 $ 17,786 $ 19,824 $ 22,001 $ 19,538 $ 19,912 $ 23,129 $ 25,567 $ 24,184 $ 28,640 EXPENSES:
Water conservation $ 7,033 $ 7,518 $ 7,193 $ 7,577 $ 7,960 $ 7,994 $ 8,950 $ 9,830 $ 10,789 $ 11,847 Lake Piru recreation facilities 755 816 840 891 829 979 1,209 1,469 1,367 1,360 State Water Project importation 765 766 1,434 973 1,230 415 1,942 1,685 2,768 1,386 Interest on long-term debt 1,009 931 873 844 802 758 735 699 666 643 Freeman Diversion facility 1,575 1,492 1,492 2,017 2,127 2,000 2,728 3,814 3,287 6,730 Water delivery and treatment facilities 4,709 4,531 4,790 5,106 5,000 5,509 5,327 6,044 5,869 7,825 Interest on long-term debt - - - - 152 124 86 -
-Total expenses $ 10,993 $ 16,054 $ 16,622 $ 17,408 $ 18,100 $ 17,779 $ 20,977 $ 23,541 $ 24,746 $ 29,791 Total net (expense) revenue $ 314 $ 1,732 $ 3,202 $ 4,593 $ 1,438 $ 2,133 $ 2,152 $ 2,026 $ (562) $ (1,151)
Fiscal Year
Revenue by Source Last 10 Fiscal Years
60 Source: United Water Conservation District
Fiscal Year
Charges for Services
Taxes/
Assessment
Grant/
Contributions
Earnings on Investments
Inter-governmental
Revenue
Other
Revenues Total
2010 $ 11,878,550 $ 2,673,878 $ - $ 28,741 $ 28,741 $ 2,763,145 17,373,055 2011 14,237,880 3,443,492 281,156 308,420 $ 27,264 3,557,328 21,855,540 2012 17,897,078 3,101,409 144,815 160,103 $ 15,288 3,364,255 24,682,948 2013 23,088,206 2,802,976 90,388 103,030 $ 12,642 3,000,831 29,098,073 2014 24,625,666 3,572,638 125,000 146,879 $ 21,879 3,761,432 32,253,494 2015 17,722,136 3,964,973 5,374 67,891 $ - 1,038,317 22,798,691 2016 19,623,092 2,486,764 - 110,372 $ - 370,358 22,590,586 2017 20,235,988 5,054,131 94,649 157,267 $ 49,691 474,197 26,065,923 2018 22,341,142 5,327,288 60,500 393,376 $ 116,407 629,224 28,867,937 2019 20,851,748 5,536,140 - 807,186 $ 156,313 969,094 28,320,481 2020 28,640,249 2,869,564 174,684 700,083 172,373 3,855,528 36,412,481
Water Production for (in Acre Feet) Last 10 Fiscal Years (amounts expressed in thousands)
61 July 1 -
June 30
Water Pumped from Wells Agricultural
Water Pumped from Wells
Non-Agricultural
Water Deliveries Agricultural
Water Deliveries Non-agricultural 2011 120,858 41,751 19,439 10,982 2012 125,033 39,651 22,802 11,424 2013 145,054 41,920 16,779 11,329 2014 173,045 43,251 10,065 10,967 2015 149,294 37,760 6,290 9,821 2016 153,329 35,559 6,772 9,255 2017 135,036 36,037 6,698 9,079 2018 152,394 37,058 7,675 9,875 2019 113,484 38,149 5,985 9,211 2020 117,696 39,148 7,491 10,794 Source: United Water Conservation District
Groundwater Pumping by Zone (Acre Foot) Last 10 Fiscal Years
62
Fiscal Year Zone A Zone B Zone C District Total
2011 81,508 73,779 7,322 162,609
*2012 84,781 79,903 - 164,684 2013 90,690 96,284 - 186,974 2014 100,666 115,630 - 216,296 2015 90,187 96,867 - 187,054 2016 89,127 99,762 - 188,888 2017 84,094 86,979 - 171,073 2018 91,770 97,682 - 189,452 2019 70,804 80,830 - 151,633 2020 73,350 83,516 - 156,867 Zone A - 100% District-wide pump charge / 0% Freeman pump charge
Zone B - 100% District-wide pump charge / 100% Freeman pump charge Zone C - 100% District-wide pump charge / 33% Freeman pump charge
* In FY 2011-12, the District eliminated Zone C.
Source: United Water Conservation District
Groundwater Charge Rates (per Acre Foot) Last 10 Fiscal Years
63 Fiscal Year Zone
Pumped water used for agricultural purposes
Pumped water used for purposes other than
agriculture
2011 A $19.50 $58.50
B $37.50 $112.50
C $25.50 $76.50
*2012 A $28.50 $85.50
B $46.50 $139.50
2013 A $39.75 $119.25
B $57.75 $173.25
2014 A $39.75 $119.25
B $57.75 $173.25
2015 A $39.75 $119.25
B $57.75 $173.25
2016 A $39.75 $119.25
B $62.65 $187.95
2017 A $43.75 $131.25
B $67.80 $203.40
2018 A $45.08 $135.24
B $69.85 $209.55
2019 A $46.43 $139.30
B $71.94 $215.84
**2020 A $57.04 $171.12
B $90.97 $272.92
Zone A District-wide pump charges - 100%
Zone B District-wide pump charges - 100%
Freeman Diversion pump charge - 100%
Zone C District-wide pump charges - 100%
Freeman Diversion pump charge - 33%
* In FY 2011-12, the District eliminated Zone C.
** In FY 2019-20, the District added a Water Purchase Surcharge to Zone A and Zone B.
Source: United Water Conservation District
Oxnard Hueneme Pipeline Deliveries per Acre Foot and Rate Charge Last 10 Fiscal Years
64
(1) Municipal and Industrial customer shall mean water used for domestic, industrial, commercial, urban, incidental irrigation or fire protection purposes.
(2) Oxnard Hueneme Pipeline Agricultural customer (Oceanview) shall mean Oxnard Hueneme Pipeline water used primarily for agricultural irrigation purposes.
(3) The peak capacity in the OH Pipeline is 53.0 cubic feet per send (cfs).
* Variable Costs = (up to 75% of customer sub-allocation). Variable costs shall mean the rate required per acre foot of water delivered and charged to individual customers up to 75% of their 1985-89 historical sub-allocation.
** Marginal costs = (over 75% of customer sub-allocation). Marginal costs shall mean the rate charged to individual customers for every acre foot delivered once their deliveries from Oxnard Hueneme Pipeline exceed 75% of their 1985-89 historical sub-allocation.
*** Fixed charge represents per unit of peak capacity, all other rates per acre foot delivered.
The above annual fixed charge shown is in addition to the variable/marginal rate charged as applies per individual customer. Charge is allocated over 12 monthly payments.
This schedule is subject to all other terms and conditions per the "Water Supply Agreement for delivered water through the Oxnard Hueneme Pipeline" that may not be represented in this schedule.
Pleasant Valley and Pumping Trough Deliveries per Acre Foot and Rate Charge (Agricultural Customers) Last 10 Fiscal Years
65
* Pump charge is in addition to water charge per acre foot when the District pumps from the Saticoy Well Field in lieu of surface water.
Note - GMA pump charge rates were: $6.00 effective July 1, 2014, $6.00 - $10.00 effective July 1, 2015, $12.50 effective July 1, 2016, $17.00 effective August 1, 2019 for Saticoy Well Field and PTP Pipeline. Pleasant Valley Pipeline Deliveries per Acre Foot and Rate Charge
Pumping Trough Pipeline Deliveries per Acre Foot and Rate Charge
10 Largest Customers by Revenues Fiscal Year Ended June 30, 2020 and Nine Years Ago
66
* GMA Pump Charge increased on July 1, 2019 to $17.00 effective August 1, 2019 for Saticoy Well Field and PTP Pipeline.
** Includes GMA and Saticoy Well Field charges.
Source: United Water Conservation District Fiscal Year 2009-2010
Fiscal Year 2019-2020
Ratios of Outstanding Debt by Type Last 10 Fiscal Years (Amounts expressed in Thousands Except for Population and Per Capita Amount)
67
Fiscal Year
Special Assessment Contract (1)
Revenue-backed
Bonds
Certificates of Participation
General Obligation
Debt (2) Loans
Total Government
Assessed Valuations (3)
Percentage of Assessed
Valuations (4) Population (5) Per Capita 2011 $ 1,429 $ 12,483 $ 13,747 $ - $ - $27,659 $32,865,629 0.08% 831,450 33.27 2012 1,354 10,916 11,914 - - 24,184 32,971,529 0.07% 836,553 28.91 2013 1,242 9,459 11,516 - - 22,217 34,233,154 0.06% 842,639 26.37 2014 1,157 8,774 11,097 - - 21,028 36,550,998 0.06% 847,885 24.80 2015 1,757 8,062 10,658 - - 20,477 38,102,042 0.05% 852,013 24.03 2016 1,232 7,323 10,205 - - 18,760 39,715,003 0.05% 854,383 21.96 2017 1,266 6,882 9,737 - - 17,885 41,679,612 0.04% 857,386 20.86 2018 1,666 6,426 9,248 - - 17,340 43,511,374 0.04% 859,073 20.18 2019 1,581 5,950 8,745 - - 16,276 45,788,839 0.04% 855,489 19.03 2020 1,504 5,459 8,221 - - 15,184 47,843,716 0.03% 853,747 17.78
(4) Assessed valuation used as other economic base versus personal income.
(5) California Department of Finance Ventura County July 1st of each year.
Notes: Details regarding the District's outstanding debt can be found in the notes to the financial statements.
The above data are alternative indicators that are considered relevant to United Water Conservation District.
Source: United Water Conservation District
(3) Source - County Auditor-Controller Ventura County - also refer to Demographic and Economic (1) California State Water Project Contract
(2) Loan from Bureau of Reclamation
Ratios of General Bonded Debt Outstanding Last 10 Fiscal Years (Amounts expressed in Thousands Except for Population and Per Capita Amount)
68
Fiscal Year
General Obligation Bonds
Total General Obligation Bonds
Total Assessed Valuations
Percentage of Total Assessed
Valuations (1) Population (2) Per Capita
2011 $ - $ - $ 32,865,629 0.00% 831,450 -2012 - - 32,971,529 0.00% 836,553 -2013 - - 34,233,154 0.00% 842,639 -2014 - - 36,550,998 0.00% 847,885 -2015 - - 38,102,042 0.00% 852,013 -2016 - - 39,715,003 0.00% 854,383 -2017 - - 41,679,612 0.00% 857,386 -2018 - - 43,511,374 0.00% 859,073 -2019 - - 45,788,839 0.00% 855,489 -2020 - - 47,843,716 0.00% 853,747
-(2) California Department of Finance Ventura County July 1st of each year.
The above data are alternative indicators that are considered relevant to United Water Conservation District.
Source: United Water Conservation District
(1) Source - County Auditor-Controller Ventura County.
Direct and Overlapping Governmental Activities Debt June 30, 2020 (Amounts expressed in Thousands)
69 Special Assessment
Contract (1)
Revenue-backed Bonds
Certificates of Participation
Total Debt Outstanding Direct debt $ 1,504 $ 4,245 $ 8,221 $ 13,970 Overlapping debt - - - -Total direct and overlapping debt $ 1,504 $ 4,245 $ 8,221 $ 13,970
(1) California State Water Project Contract Source: United Water Conservation District
Summary of Historic Operating Results and Pledge-Revenue and Non-Pledge Last 10 Fiscal Years
70
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
REVENUES:
Water delivery charges $ 8,304,773 $ 8,451,933 $ 7,278,609 $ 6,941,588 $ 6,331,874 $ 7,941,936 $ 9,073,359 $ 9,814,957 $ 9,945,745 $ 10,829,492 Groundwater charges 5,648,726 7,575,270 11,160,081 12,577,381 10,958,078 11,505,767 11,382,921 12,711,756 11,062,316 13,936,301 Less allowance for uncollectibles (876) (9,527) (22,720) 1,593 (10,870) (3,595) (24,585) (8,664) (10,445) (59,220) Taxes 1,949,647 2,016,499 2,154,195 2,130,951 2,276,002 2,404,269 2,553,589 2,633,886 2,808,174 2,869,564 Interest 90,699 69,737 58,801 59,524 67,892 100,075 148,429 393,376 807,186 626,748 Other 190,912 530,332 511,226 667,738 589,786 114,487 428,880 629,224 969,094 1,899,312 Total Revenues 16,183,881 18,634,244 21,140,192 22,378,775 20,212,762 22,062,939 23,562,594 26,174,535 25,582,070 30,102,197 Operating expenditures (1)
Salaries 3,079,085 3,212,930 3,068,517 3,246,403 3,257,368 3,826,442 4,054,946 4,156,875 4,228,613 4,561,134 Employee benefits 1,438,154 1,622,051 1,590,188 1,704,470 2,795,672 1,918,153 2,399,619 3,197,157 2,406,720 3,186,058 Utilities 998,711 926,083 1,055,895 1,375,625 1,512,219 1,389,360 1,346,787 1,462,082 1,351,990 1,169,454 Maintenance 1,167,225 723,718 904,605 733,351 589,015 822,692 735,844 706,930 938,734 799,108 Professional fees 1,168,058 1,326,488 1,100,249 1,884,040 2,170,319 2,013,411 2,542,817 5,523,165 3,758,550 7,882,633 Miscellaneous 730,926 880,862 751,828 820,391 1,199,486 1,141,037 1,241,072 1,367,259 2,048,666 1,613,679 General and administrative 2,164,448 2,275,837 2,405,438 2,560,638 2,482,543 2,745,072 2,711,470 2,989,367 1,815,577 4,355,836 Total operating expenditures 10,746,607 10,967,969 10,876,720 12,324,918 14,006,622 13,856,167 15,032,555 19,402,835 16,548,850 23,567,902 Net revenues $ 5,437,274 $ 7,666,275 $ 10,263,472 $ 10,053,857 $ 6,206,140 $ 8,206,772 $ 8,530,039 $ 6,771,700 $ 9,033,220 $ 6,534,295 Debt Service:
Principal $ 3,370,000 $ 3,430,001 $ 1,980,000 $ 1,100,000 $ 1,145,000 $ 1,190,000 $ 910,000 $ 945,000 $ 980,000 $ 1,015,000 Interest 1,185,358 1,085,538 977,181 912,844 869,950 824,634 776,724 739,459 783,269 655,108 Total Parity debt service (2) $ 4,555,358 $ 4,515,539 $ 2,957,181 $ 2,012,844 $ 2,014,950 $ 2,014,634 $ 1,686,724 $ 1,684,459 $ 1,763,269 $ 1,670,108 Coverage of system net revenues to
parity debt service 1.19 1.70 3.47 4.99 3.08 4.07 5.06 4.02 5.12 3.91
Debt Service:
Principal $ 928,000 $ - $ - $ - $ - $ - $ - $ - $ - $ -Interest 28,885 - - - - - - - - -Total debt service on other debt payable
from net revenues $ 956,885 $ - $ - $ - $ - $ - $ - $ - $ - $ -Coverage on all debt payable from
net revenues 0.99 1.70 3.47 4.99 3.08 4.07 5.06 4.02 5.12
(1) Excludes depreciation capital expenditures and debt service.
(2) Includes 2001, 2005, 2006 Revenue Bonds, 2009 Certificates of Participation bond contracts.
Does not include other obligations of the District not secured by an express pledge of water revenues.
Source: United Water Conservation District
Fiscal Year
Demographic and Economic Statistics of Ventura County Last 10 Calendar Years (Amounts Expressed in Thousands)
71
(1) Source - County Auditor-Controller Ventura County, Property Tax, Direct Assessments, District Recap Valuations.
(2) California Department of Finance Ventura County July 1st of each year E-2 estimates.
Fiscal Year
Utility Valuations
Secured Valuations
Unsecured Valuations
Total Assessed Valuations
(1)
Population (2) 2011 106,617 31,672,936 1,086,077 32,865,629 831,450 2012 122,321 31,736,906 1,112,301 32,971,529 836,553 2013 149,318 32,906,520 1,177,315 34,233,154 842,639 2014 143,950 35,163,390 1,243,659 36,550,998 847,885 2015 122,776 36,847,771 1,131,495 38,102,042 852,013 2016 80,267 38,541,466 1,093,269 39,715,003 854,383 2017 66,866 40,599,584 1,013,162 41,679,612 857,386 2018 51,249 42,390,507 1,069,618 43,511,374 859,073 2019 22,261 44,607,687 1,158,710 45,788,839 855,489 2020 60,798 46,547,390 1,235,528 47,843,716 853,747
Demographic and Economic Statistics of Ventura County (Continued) Last 10 Calendar Years (Amounts Expressed in Thousands or Acre Foot as Indicated)
72
(1) Source: Ventura County Agricultural Commissioner, most current information available.
(2) Source: Ventura County Agricultural Commissioner, calculated by the California Department of Conservation's Farmland Mapping and Monitoring Program and excludes grazing land.
The above data are alternative indicators that are considered relevant to United Water Conservation District.
Calendar Year
Gross Value of Crops (1)
Lending Commodity Value Strawberry (1)
Acres of Agricultural of Farm Land (2) 2010 1,859,151 542,127 N/A 2011 1,844,260 625,509 96,340 2012 1,963,798 691,303 N/A 2013 2,094,915 608,765 92,273 2014 2,137,033 627,964 93,376 2015 2,198,555 617,832 95,802 2016 2,198,555 617,832 95,802 2017 2,099,889 654,312 95,850 2018 2,103,232 670,716 91,350 2019 1,990,100 508,371 95,813
Demographic and Economic Statistics of Ventura County (Continued) Last 10 Calendar Years (Amounts Expressed in Thousands Except Population and Per Capita)
73
(1) California Department of Finance, Demographic Research Unit, E-5 Population and Housing Estimates.
(2) U.S. Bureau of Economic Analysis, most current information available. Note: Year 2015 was not available, calculated a five year average.
(3) California Employment Development Department, Labor Market Information Division.
The above data are alternative indicators that are considered relevant to United Water Conservation District.
Calendar
Year Population (1)
Personal Income (2)
Per Capita Personal
Income
Unemployment Rate (3) 2010 824,441 $ 37,605,326 $ 45,565 10.4%
2011 831,606 39,627,111 47,703 9.7%
2012 836,782 41,294,216 49,483 8.5%
2013 842,964 41,728,050 49,706 7.2%
2014 848,038 43,878,654 51,984 6.0%
2015 852,199 46,269,484 54,581 5.3%
2016 853,673 47,397,620 55,779 5.0%
2017 854,987 44,113,605 52,307 4.0%
2018 855,489 46,629,719 57,206 3.8%
2019 842,886 48,579,555 57,270 3.9%
Demographic and Economic Statistics of Ventura County (Continued) Calendar Year Ended December 31, 2019 and Nine Years Ago
74
Source: California Economic Forecast (February 2019 Report for Ventura County) UCSB Economic Forecast Project (2010), most current information available.
The above data are alternative indicators that are considered relevant to United Water Conservation District.
Principal Employers Employees Rank
Percentage of Total County
Employment Employees Rank
Percentage of Total County Employment
United States Naval Base 18,776 1 6.04% 19,000 1 6.28%
County of Ventura 8,435 2 2.71% 8,121 2 2.68%
Amgen, Inc. 5,500 3 1.77% 6,500 3 2.15%
WellPoint Inc. 2,860 4 0.92% 3,623 5 1.20%
Simi Valley Unified School District 2,737 5 0.88% 2,591 6 0.86%
Community Memorial Hospital 2,300 6 0.74% - N/A 0.00%
Conejo Valley Unified School District 2,050 7 0.66% 2,169 10 0.72%
Dignity Health 1,904 8 0.61% - N/A 0.00%
Ventura Unified School District 1,835 9 0.59% 2,197 9 0.73%
Oxnard Union School District 1,654 10 0.53% - N/A 0.00%
Countrywide Financial Corp. - N/A 0.00% 5,588 4 1.85%
Vons - N/A 0.00% 2,282 7 0.75%
Verizon Communications 163 48 0.00% 2,200 8 0.73%
48,214
15.45% 54,271 17.94%
2019 2010
Operating Information Last 10 Fiscal Years
75
General and administrative employees compensation allocated to water conservation and facilities based on an agreed upon in-direct cost allocation methodology.
Source: United Water Conservation District Fiscal Year
Water Conservation
Facility Operations and
Improvements
Recreation Facilities
General and Administrative
Total District Employees
2011 10 28 2 13 54
2012 9 25 2 12 48
2013 13 25 2 13 53
2014 11 22 2 14 49
2015 12 25 2 13 52
2016 14 27 3 14 58
2017 16 26 6 14 62
2018 15 25 4 13 57
2019 15 25 5 13 58
2020 15 26 4 19 64
Operating Information (Continued) The Oxnard-Hueneme Pipeline has twelve active pumping wells:
320
The Pumping Trough Pipeline has five deep aquifer irrigation pumping wells:
The Saticoy Well Field has four upper aquifer irrigation pumping wells:
The Pumping Trough Pipeline also has one Booster Pump with pumping capacity of 6,700 gallons per minute.
1 3 4 5
Operating Information (Continued) Fiscal Year Ended June 30, 2020
77
District Facilities: United Water Conservation District operates a series of water conservation facilities within the watershed of the Santa Clara River. The facilities are used to store water run-off, divert water, recharge aquifers through the use of spreading ponds and deliver water to municipalities and agricultural growers. The District has over 1,156 active water wells within the District's service area.
The District estimates these wells are owned by approximately 700 individuals. A listing of some of the major facilities is as follows:
Source: United Water Conservation District Santa Felicia Dam
Ferro Basin
Noble Rose Basins
Mugu Lateral
Freeman Diversion Construction completed in 1991.
A concrete structure spanning the Santa Clara River with water diversion of 375 cfs.
120 acre Noble Basin 117 acre Rose Basin
Diverts water released from Lake Piru and natural runoff from the Santa Clara River.
Flows via canal and pipelines to a 44 acre desilting basin.
231 acre Ferro Basin
Average annual diversion: 68,000 acre feet
The main purpose of the dam is to catch water run-off from Piru Creek.
Basin dividers: 4 cells separated by 15 to 20 foot earthen berms Percolation capacity: 200 AF
Pipeline to Point Mugu Naval Air Station
Leased long term to Port Hueneme Water Agency
From the desilting basin water flows via canals and pipelines to spreading grounds and other water delivery systems.
Acquired in 2009
Not presently connected to the District's recharge system
An earthen dam constructed in 1954 with a maximum height of 200 feet.
Created by the Santa Felicia Dam.
The main purpose of the Lake is to store water run-off and release, in controlled amounts, water to replenish several groundwater basins and supply surface water for irrigation to agricultural areas of the District.
Capacity: maximum 82,000 acre feet to a minimum pool of 16,000 acre feet.
Constructed in 1931.
Converted from an aggregate mining pit in 1994 Lake Piru
Piru Diversion and
Spreading Grounds Percolating Capacity: 150 acre-feet per day
Average Annual Spreading: 0 acre feet (not currently in use)
Operating Information (Continued)
Delivery: 53 cfs of potable water to customers
Delivery: 53 cfs of potable water to customers